DWS Closed-End Funds Announce Results of Annual Meeting of Shareholders
DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) announced the results of their 2024 Joint Annual Meeting of Shareholders held on September 20, 2024. For both funds, a quorum was present, and the Class I Trustee nominees and preferred share Trustee nominees received sufficient votes to be elected as Trustees. The press release also includes important information about the risks associated with investing in these closed-end funds, such as interest-rate, credit, liquidity, and market risks. It emphasizes that closed-end funds are not continuously offered and their shares frequently trade at a discount to net asset value. The release concludes with disclaimers and contact information for DWS Distributors, Inc.
DWS Municipal Income Trust (NYSE: KTF) e DWS Strategic Municipal Income Trust (NYSE: KSM) hanno annunciato i risultati della loro Riunione Annuale Congiunta degli Azionisti per il 2024, svoltasi il 20 settembre 2024. Per entrambi i fondi, era presente un quorum, e i candidati fiduciari della Classe I e quelli delle azioni privilegiate hanno ricevuto voti sufficienti per essere eletti come fiduciari. Il comunicato stampa include anche informazioni importanti sui rischi associati all'investimento in questi fondi chiusi, come i rischi di tasso d'interesse, credito, liquidità e di mercato. Sottolinea che i fondi chiusi non vengono offerti continuamente e le loro azioni spesso vengono scambiate a un prezzo inferiore rispetto al valore netto degli attivi. Il comunicato si conclude con disclaimer e informazioni di contatto per DWS Distributors, Inc.
DWS Municipal Income Trust (NYSE: KTF) y DWS Strategic Municipal Income Trust (NYSE: KSM) anunciaron los resultados de su Junta Anual Conjunta de Accionistas 2024 celebrada el 20 de septiembre de 2024. Para ambos fondos, hubo quórum, y los candidatos fiduciarios de la Clase I y los candidatos fiduciarios de acciones preferentes recibieron votos suficientes para ser elegidos como fiduciarios. El comunicado de prensa también incluye información importante sobre los riesgos asociados con la inversión en estos fondos cerrados, tales como riesgos de tasa de interés, crédito, liquidez y de mercado. Se enfatiza que los fondos cerrados no se ofrecen de manera continua y que sus acciones a menudo se negocian a un descuento respecto al valor neto de los activos. El comunicado concluye con descargos de responsabilidad e información de contacto para DWS Distributors, Inc.
DWS Municipal Income Trust (NYSE: KTF)와 DWS Strategic Municipal Income Trust (NYSE: KSM)는 2024년 합동 연례 주주총회 결과를 2024년 9월 20일 발표했습니다. 두 펀드 모두 정족수가 참석하였으며, 클래스 I 신탁 관리자 후보 및 우선 주식 신탁 관리자 후보가 신탁 관리자로 선출되기 위한 충분한 투표를 받았습니다. 보도 자료에는 이 폐쇄형 펀드에 투자하는 것과 관련된 이자율, 신용, 유동성 및 시장 위험과 같은 중요한 정보도 포함되어 있습니다. 폐쇄형 펀드는 지속적으로 제공되지 않으며, 그 주식은 종종 순자산가치에 비해 할인된 가격에 거래된다는 점이 강조됩니다. 보도 자료는 DWS Distributors, Inc.의 면책 조항과 연락처 정보를 포함하여 마무리됩니다.
DWS Municipal Income Trust (NYSE: KTF) et DWS Strategic Municipal Income Trust (NYSE: KSM) ont annoncé les résultats de leur Assemblée Générale Annuelle conjointe des actionnaires 2024, tenue le 20 septembre 2024. Pour les deux fonds, un quorum était présent, et les candidats au poste de fiduciaire de la classe I ainsi que les candidats aux actions privilégiées ont obtenu suffisamment de votes pour être élus comme fiduciaires. Le communiqué de presse contient également des informations importantes concernant les risques associés à l'investissement dans ces fonds fermés, tels que les risques de taux d'intérêt, de crédit, de liquidité et de marché. Il souligne que les fonds fermés ne sont pas offerts en continu et que leurs actions se négocient souvent à un prix inférieur à la valeur nette des actifs. Le communiqué se termine par des avertissements et des informations de contact pour DWS Distributors, Inc.
DWS Municipal Income Trust (NYSE: KTF) und DWS Strategic Municipal Income Trust (NYSE: KSM) haben die Ergebnisse ihrer gemeinsamen Jahreshauptversammlung der Aktionäre 2024 bekannt gegeben, die am 20. September 2024 stattfand. Für beide Fonds war ein Quorum vorhanden, und die Kandidaten für die Treuhänder der Klasse I sowie die Kandidaten für die Treuhänder der Vorzugsaktien erhielten genügend Stimmen, um als Treuhänder gewählt zu werden. Die Pressemitteilung enthält auch wichtige Informationen über die Risiken, die mit der Investition in diese geschlossenen Fonds verbunden sind, wie Zinsänderungs-, Kredit-, Liquiditäts- und Marktrisiken. Es wird hervorgehoben, dass geschlossene Fonds nicht kontinuierlich angeboten werden und ihre Anteile häufig mit einem Abschlag auf den Nettoinventarwert gehandelt werden. Die Mitteilung schließt mit Haftungsausschlüssen und Kontaktinformationen für DWS Distributors, Inc.
- Successful completion of the 2024 Joint Annual Meeting of Shareholders
- Election of Class I Trustee nominees and preferred share Trustee nominees for both funds
- None.
For each of KTF and KSM, a quorum was present and the Class I Trustee nominees (for each Fund, Ms. Mary Schmid Daugherty and, for KTF only, Ms. Jennifer Conrad) and the preferred share Trustee nominees (for each Fund, Mr. Keith R. Fox and Mr. Chad D. Perry) received a sufficient number of votes from the common shareholders and preferred shareholders, voting together as a single class, and from the preferred shareholders only, voting as a separate class, respectively, to be elected as Trustees.
Important Information
DWS Municipal Income Trust. Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees. When interest rates rise, bond prices generally fall. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on an issuer’s ability to make payments of principal and/or interest. The market for municipal bonds may be less liquid than for taxable bonds and there may be less information available on the financial condition of issuers of municipal securities than for public corporations. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Leverage results in additional risks and can magnify the effect of any gains or losses. Although the fund seeks income that is exempt from federal income taxes, a portion of the fund’s distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
DWS Strategic Municipal Income Trust. Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees. When interest rates rise, bond prices generally fall. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on an issuer’s ability to make payments of principal and/or interest. The market for municipal bonds may be less liquid than for taxable bonds and there may be less information available on the financial condition of issuers of municipal securities than for public corporations. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Leverage results in additional risks and can magnify the effect of any gains or losses. Although the fund seeks income that is exempt from federal income taxes, a portion of the fund’s distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, shares of closed-end funds are bought and sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to the net asset value. The price of a fund’s shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value.
Past performance is no guarantee of future results.
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
War, terrorism, sanctions, economic uncertainty, trade disputes, public health crises and related geopolitical events have led, and, in the future, may lead to significant disruptions in US and world economies and markets, which may lead to increased market volatility and may have significant adverse effects on each Fund and its investments.
NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
DWS Distributors, Inc.
222 South Riverside Plaza
www.dws.com
Tel (800) 621-1148
© 2024 DWS Group GmbH & Co. KGaA. All rights reserved.
The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas, Inc. and RREEF America L.L.C. which offer advisory services. (R-102680-1) (09/24)
View source version on businesswire.com: https://www.businesswire.com/news/home/20240920581616/en/
For additional information:
DWS Press Office (212) 454-4500
Shareholder Account Information (800) 294-4366
DWS Closed-End Funds (800) 349-4281
Source: DWS Distributors, Inc.
FAQ
What was the outcome of the 2024 Joint Annual Meeting of Shareholders for DWS Municipal Income Trust (KTF)?
When was the 2024 Joint Annual Meeting of Shareholders for DWS Municipal Income Trust (KTF) held?
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How do closed-end funds like DWS Municipal Income Trust (KTF) differ from open-end funds?
